CareCloud Inc reports results for the quarter ended March 31 - Earnings Summary

• CareCloud Inc CCLD.OQ reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of four analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -9 cents to -2 cents per share.

• Revenue rose 6.4% to $27.63 million from a year ago; analysts expected $25.65 million.

• CareCloud Inc's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $863 thousand.

• CareCloud Inc shares had risen by 25.9% this quarter and lost 52.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 61.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for CareCloud Inc is $5.00

This summary was machine generated from LSEG data May 6 at 01:33 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)